ABB India Receives SEBI Warning Over Insider Trading Violations

ABB India disclosed on Friday that it received a warning letter from the Securities and Exchange Board of India (SEBI) concerning violations of insider trading regulations by two employees. The letter, dated November 8, 2024, was received by the company on November 14, 2024.

In an exchange filing, ABB India revealed that SEBI’s Deputy General Manager issued an administrative warning under the SEBI (Prohibition of Insider Trading) Regulations, 2015. The violations involved two designated persons within the organisation.

The company has not provided further details about the nature of the breaches or the individuals involved.